South African agribusiness confidence index rises two points
Therefore, an index point of 57 suggests that agribusinesses have an optimistic view regarding business conditions in the country. Worth noting is that the Index has remained above 50 index points for the past three consecutive quarters, which signals a consistent improvement in agribusiness activity.
Amongst the ten sub-indices making up the Agbiz/IDC Agribusiness Confidence Index, the turnover, net operating income, employment, economic growth and agricultural conditions sub-indices were the key drivers of the improvement in confidence in the first quarter of 2017.
source: agriorbit.com
